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CTRM

Castor MaritimeNasdaqCM:CTRM Stock Report

Market Cap

US$185.4m

7D

-2.0%

1Y

22.9%

Updated

26 Nov, 2021

Data

Company Financials
CTRM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

CTRM Stock Overview

Castor Maritime Inc., through its subsidiaries, engages in ocean transportation of dry bulk cargoes worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for Castor Maritime
Historical stock prices
Current Share PriceUS$1.96
52 Week HighUS$19.50
52 Week LowUS$1.53
Beta0.44
1 Month Change-13.27%
3 Month Change-12.89%
1 Year Change22.88%
3 Year Changen/a
5 Year Changen/a
Change since IPO-96.12%

Recent News & Updates

Nov 23

Castor Maritime - Cheap For A Reason

Reflecting on disappointing share price performance following my upgrade to "speculative buy" in early August. Company reports respectable Q3 results highlighted by decent cash flow from operations. Recent weakness and stellar fleet value appreciation have resulted in the shares now trading at a more than 60% discount to net asset value. A host of China-related issues has impacted charter rates in recent weeks with weakness likely to continue throughout Q1. Medium-term fundamentals of the dry bulk market remain strong. While a trade going into anticipated strong Q4 results in late March could yield decent returns, investors looking for exposure to the dry bulk sector should rather consider dividend-paying quality names like Star Bulk Carriers, Golden Ocean Group, Eagle Bulk Shipping and Genco Shipping & Trading.

Aug 12
There Are Some Holes In Castor Maritime's (NASDAQ:CTRM) Solid Earnings Release

There Are Some Holes In Castor Maritime's (NASDAQ:CTRM) Solid Earnings Release

Shareholders were pleased with the recent earnings report from Castor Maritime Inc. ( NASDAQ:CTRM ). However, we think...

Aug 07
Capital Allocation Trends At Castor Maritime (NASDAQ:CTRM) Aren't Ideal

Capital Allocation Trends At Castor Maritime (NASDAQ:CTRM) Aren't Ideal

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...

Shareholder Returns

CTRMUS ShippingUS Market
7D-2.0%-1.3%-2.7%
1Y22.9%56.5%21.3%

Return vs Industry: CTRM underperformed the US Shipping industry which returned 56.5% over the past year.

Return vs Market: CTRM exceeded the US Market which returned 21.3% over the past year.

Price Volatility

Is CTRM's price volatile compared to industry and market?
CTRM volatility
CTRM Average Weekly Movement9.5%
Shipping Industry Average Movement8.3%
Market Average Movement5.9%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.2%

Stable Share Price: CTRM is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CTRM's weekly volatility has decreased from 20% to 9% over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
20161Petros Panagiotidishttps://www.castormaritime.com

Castor Maritime Inc., through its subsidiaries, engages in ocean transportation of dry bulk cargoes worldwide. It provides seaborne transportation services for dry bulk cargo, including iron ore, coal, grains, steel products, fertilizers, cement, bauxite, sugar, and scrap metals. The company operates three Panamax vessels with a carrying capacity of approximately 76,122 deadweight ton.

Castor Maritime Fundamentals Summary

How do Castor Maritime's earnings and revenue compare to its market cap?
CTRM fundamental statistics
Market CapUS$185.44m
Earnings (TTM)US$22.29m
Revenue (TTM)US$76.42m

8.3x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CTRM income statement (TTM)
RevenueUS$76.42m
Cost of RevenueUS$34.47m
Gross ProfitUS$41.96m
ExpensesUS$19.67m
EarningsUS$22.29m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.24
Gross Margin54.90%
Net Profit Margin29.17%
Debt/Equity Ratio25.1%

How did CTRM perform over the long term?

See historical performance and comparison

Valuation

Is Castor Maritime undervalued compared to its fair value and its price relative to the market?

8.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CTRM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CTRM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CTRM is poor value based on its PE Ratio (8.3x) compared to the US Shipping industry average (5.4x).

PE vs Market: CTRM is good value based on its PE Ratio (8.3x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CTRM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CTRM is good value based on its PB Ratio (0.6x) compared to the US Shipping industry average (0.9x).


Future Growth

How is Castor Maritime forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.7%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Castor Maritime has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Castor Maritime performed over the past 5 years?

81.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTRM has a high level of non-cash earnings.

Growing Profit Margin: CTRM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CTRM's earnings have grown significantly by 81.3% per year over the past 5 years.

Accelerating Growth: CTRM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CTRM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (517.7%).


Return on Equity

High ROE: CTRM's Return on Equity (6.8%) is considered low.


Financial Health

How is Castor Maritime's financial position?


Financial Position Analysis

Short Term Liabilities: CTRM's short term assets ($50.9M) exceed its short term liabilities ($27.5M).

Long Term Liabilities: CTRM's short term assets ($50.9M) do not cover its long term liabilities ($71.1M).


Debt to Equity History and Analysis

Debt Level: CTRM's net debt to equity ratio (14.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if CTRM's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: CTRM's debt is well covered by operating cash flow (32.1%).

Interest Coverage: CTRM's interest payments on its debt are well covered by EBIT (12.5x coverage).


Balance Sheet


Dividend

What is Castor Maritime current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CTRM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CTRM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CTRM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CTRM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CTRM's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

US$10k

CEO Compensation


CEO

Petros Panagiotidis (31 yo)

4.17yrs

Tenure

US$10,000

Compensation

Mr. Petros Panagiotidis has been Chief Executive Officer & Chief Financial Officer at Castor Maritime Inc. since September 2017. Mr. Panagiotidis serves as Chairman, President & Treasurer of Castor Maritim...


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 621%.


Top Shareholders

Company Information

Castor Maritime Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Castor Maritime Inc.
  • Ticker: CTRM
  • Exchange: NasdaqCM
  • Founded: 2016
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: US$185.436m
  • Shares outstanding: 94.61m
  • Website: https://www.castormaritime.com

Number of Employees


Location

  • Castor Maritime Inc.
  • 223 Christodoulou Chatzipavlou street
  • Hawaii Royal Gardens
  • Limassol
  • 3036
  • Cyprus

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 23:06
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.